Dundas Partners LLP acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 110,893 shares of the semiconductor company’s stock, valued at approximately $9,603,000. Analog Devices comprises about 3.0% of Dundas Partners LLP’s portfolio, making the stock its 14th biggest holding.
A number of other large investors have also recently made changes to their positions in the stock. Icon Wealth Partners LLC acquired a new stake in Analog Devices in the fourth quarter valued at approximately $121,000. Pin Oak Investment Advisors Inc. acquired a new stake in Analog Devices in the fourth quarter valued at approximately $139,000. Summit Trail Advisors LLC boosted its position in Analog Devices by 6,966.6% in the first quarter. Summit Trail Advisors LLC now owns 147,410 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 145,324 shares in the last quarter. Massey Quick Simon & CO. LLC lifted its holdings in shares of Analog Devices by 98.8% during the first quarter. Massey Quick Simon & CO. LLC now owns 1,660 shares of the semiconductor company’s stock worth $151,000 after purchasing an additional 825 shares during the period. Finally, Avestar Capital LLC acquired a new position in shares of Analog Devices during the fourth quarter worth $158,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.
ADI opened at $101.00 on Thursday. Analog Devices, Inc. has a 1-year low of $76.07 and a 1-year high of $103.59. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $37.11 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 1.44 and a beta of 1.26.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 19th. Shareholders of record on Friday, June 8th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, June 7th. Analog Devices’s dividend payout ratio (DPR) is currently 40.68%.
A number of equities analysts have recently commented on ADI shares. Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Monday, March 5th. Argus lifted their price target on shares of Analog Devices from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. They noted that the move was a valuation call. Stifel Nicolaus lifted their price target on shares of Analog Devices from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. B. Riley reiterated a “buy” rating and set a $122.00 price target (up previously from $113.00) on shares of Analog Devices in a report on Wednesday, February 28th. Finally, BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, May 11th. Eight research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $103.78.
In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $90.47, for a total transaction of $904,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Martin Cotter sold 3,847 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $93.41, for a total transaction of $359,348.27. Following the sale, the senior vice president now directly owns 4,020 shares of the company’s stock, valued at $375,508.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,187 shares of company stock valued at $7,395,657. Insiders own 1.10% of the company’s stock.
Analog Devices Profile
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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